Zealand Pharma and Helsinn Healthcare Sign a Partnering Agreement
Zealand Pharma A/S and Helsinn Healthcare SA has signed a partnering agreement, for the development and worldwide commercialization of ZP1846, a GLP-2 (glucagon-like peptide-2) receptor agonist which provides a novel way to treat chemotherapy-induced diarrhea.
Under the terms of the agreement, Helsinn Healthcare will receive a worldwide exclusive license to ZP1846 and will be responsible for all further development, regulatory approvals, manufacturing, marketing and sales of the compound either on its own or through its sub-licensees. In return Helsinn Healthcare will pay Zealand Pharma development milestones and sales milestones for an undisclosed amount. In addition, Zealand Pharma will receive royalties on future sales and Zealand Pharma has retains the marketing rights to the Nordic countries.
- We are delighted to be able to work with Helsinn Healthcare on the development and commercialization of ZP1846. Helsinn Healthcare is in a process to build a very strong worldwide presence in the cancer supportive care treatment area where ZP1846 will be an important product to ameliorate the destructive effects of the chemotherapy on the small intestine and reduce the severity of diarrhea, said Dr. David Solomon, Chief Executive Officer of Zealand Pharma.
The total value of the non royalty portion of the partnership is valued up to €140 million.